915 Eagle Ave - Apartments FOR SALE


Bronx, NY 10456- Woodstock
$2,150,000 USD
516-250-6131
915 Eagle Ave, Bronx, NY for Sale
$2,150,000 USD
Apartments - FOR SALE
1/12
null | 8.84% Cap Rate

915 Eagle Ave
Bronx, NY 10456
Woodstock


HIGHLIGHTS

  • New construction and fully occupied

OVERVIEW

Rare opportunity to acquire a fully occupied, 10-unit rent-stabilized multifamily in the Woodstock neighborhood of the Bronx, built in 2018. The property benefits from a 35-year 421-a real estate tax abatement with 27 years remaining (expiring 2053), which transfers with the deed - providing the incoming owner with significantly suppressed carrying costs and a defensible NOI from day one. The 4-story, 6,762 SF building consists of a mix of studios, 1-bedrooms, and one 2BR/2BTH unit across 10 fully occupied rent-stabilized units. Ideally located near the 2/5 subway lines at Prospect Avenue, with multiple BX bus lines on the corridor. Two miles from Yankee Stadium and close to Hostos Community College. Walkable, transit-rich South Bronx submarket with continued investor demand. Ideal for a 1031 exchange buyer seeking stable, long-term cash flow with built-in tax protection.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$318 USD /SF

# OF UNITS

10

PRICE/UNIT

$215,000

CAP RATE

8.84%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

915 Eagle Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2018

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

R6

APN/PARCEL ID

02620-0035

ASK ABOUT THIS PROPERTY

516-250-6131

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516-250-6131

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